By HELEN ZULU –

WORKERS Compensation Fund has grown its portfolio from K200 million to K700 million over the last five years.

Organisation Manager corporate affairs and customer services Maybin Nkholomba said the organisation had grown its investment portfolio to exceeding K700 million from K200 million over the last five years.

Mr Nkholomba said the organisation had been moving over the last five years to increase the fund to meet the current liabilities and cost of new claims.

He said at the on going 88th Agriculture and Commercial show in Lusaka yesterday that most of the funds that the organisation had came from revenue collection in terms of assessment by employers.

“For us we do not have external investment outside the country, our investment plans are domicile in Zambia and it in financial instruments and property the fund size has increased to exceeding 700 million at the moment from K200 million over the past five years.”

He was happy to report that some of the investment had included the partnership for development of the Kafubu shopping mall in Ndola.

Mr Nkholomba said the organisation was looking at other districts particularly in Chinsali to construct residential and commercial accommodation in a bid to put its foot print in the district.

“We have brought about innovations which include working with financial institutions through the banks because our disabled people have not been accessing the financial services because they have been limited by reasons of physical disability or affordability.

“So we are sponsoring an account at the Zambia National Commercial bank (ZANACO) Xapit account for the disabled to access their compensation using the bank, we are also bringing on board National Savings and Credit bank (NATSAVE) and the Zambia National Building Society (ZNBS),” he said